Brokerages Set Leslie’s, Inc. (NASDAQ:LESL) Target Price at $6.37

Leslie’s, Inc. (NASDAQ:LESL) has received a consensus recommendation of “Hold” from the ten research firms that are covering the stock, Marketbeat.com reports. Ten research analysts have rated the stock with a hold recommendation. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $6.37.

A number of research analysts recently commented on LESL shares. Loop Capital upped their price objective on Leslie’s from $6.00 to $8.00 and gave the company a “hold” rating in a report on Tuesday, March 5th. Mizuho started coverage on Leslie’s in a report on Tuesday, March 19th. They issued a “neutral” rating and a $7.00 price objective on the stock. Stifel Nicolaus upped their price objective on Leslie’s from $5.40 to $6.30 and gave the company a “hold” rating in a report on Friday, February 2nd. William Blair reiterated a “market perform” rating on shares of Leslie’s in a report on Friday, February 2nd. Finally, Telsey Advisory Group restated a “market perform” rating and set a $6.00 price target on shares of Leslie’s in a research note on Friday, February 2nd.

Hedge Funds Weigh In On Leslie’s

Several hedge funds have recently made changes to their positions in LESL. SG Americas Securities LLC acquired a new stake in shares of Leslie’s during the third quarter worth about $120,000. State of Alaska Department of Revenue boosted its stake in shares of Leslie’s by 16.9% during the third quarter. State of Alaska Department of Revenue now owns 114,563 shares of the company’s stock worth $648,000 after buying an additional 16,583 shares during the period. Simplicity Solutions LLC boosted its stake in shares of Leslie’s by 157.4% during the third quarter. Simplicity Solutions LLC now owns 83,226 shares of the company’s stock worth $471,000 after buying an additional 50,894 shares during the period. Bfsg LLC acquired a new stake in shares of Leslie’s during the third quarter worth about $103,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Leslie’s during the third quarter worth about $109,000.

Leslie’s Stock Performance

LESL opened at $4.13 on Friday. Leslie’s has a one year low of $3.79 and a one year high of $11.68. The stock has a market capitalization of $762.04 million, a PE ratio of 41.30, a P/E/G ratio of 0.64 and a beta of 0.90. The business’s 50 day moving average price is $6.14 and its 200 day moving average price is $6.17.

Leslie’s (NASDAQ:LESL) last released its quarterly earnings data on Thursday, February 1st. The company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.01. Leslie’s had a negative return on equity of 15.00% and a net margin of 1.25%. The firm had revenue of $173.96 million for the quarter, compared to analysts’ expectations of $169.17 million. As a group, equities research analysts forecast that Leslie’s will post 0.23 earnings per share for the current fiscal year.

About Leslie’s

Leslie's, Inc operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services. It also offers various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products.